WASHINGTON—The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents.
USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike—which the USPS says is needed to offset the rise in inflation—would take effect July 9 if approved by the Postal Regulatory Commission.
The price changes have been approved by USPS board of governors. The plan seeks to raise overall first-class mail prices by 5.4 percent.
If approved, stamp prices will have risen 32 percent since early 2019 when they rose from 50 cents to 55 cents….